{"id":545919,"date":"2025-11-03T09:01:17","date_gmt":"2025-11-03T09:01:17","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/545919\/"},"modified":"2025-11-03T09:01:17","modified_gmt":"2025-11-03T09:01:17","slug":"white-house-releases-new-details-on-us-china-trade-deal-including-curbs-on-rare-earth-export-controls","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/545919\/","title":{"rendered":"White House releases new details on US-China trade deal, including curbs on rare earth export controls"},"content":{"rendered":"\n<p class=\"yf-1090901\">The White House <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.whitehouse.gov\/fact-sheets\/2025\/11\/fact-sheet-president-donald-j-trump-strikes-deal-on-economic-and-trade-relations-with-china\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:released a fact sheet late Saturday;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">released a fact sheet late Saturday <\/a>with more details about the trade agreement ironed out between President Trump and China&#8217;s President Xi Jinping in South Korea last week,<\/p>\n<p class=\"yf-1090901\">China will suspend additional export controls on rare earth metals and end investigations into US chip companies, according to the new release. The US will pause some of Trump\u2019s &#8220;reciprocal tariffs&#8221; on China for another year and will halt plans to slap a 100% tariff on Chinese exports to the US that was set to take effect this month.<\/p>\n<p class=\"yf-1090901\">The agreement struck between Trump and Xi came after months of chaos and confusion, putting on ice a trade war between the world&#8217;s two largest economies.<\/p>\n<p class=\"yf-1090901\">Here are some other key details we know about the thaw:<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">The US tariff on goods related to the production of fentanyl will drop from 20% to 10% with a promise China would work &#8220;very hard to stop the flow.&#8221; That means overall tariffs on Chinese goods will be cut to 47% from 57%.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">The US will mediate talks between Beijing and Nvidia&#8217;s (<a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\" data-ylk=\"slk:NVDA;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">NVDA<\/a>) CEO Jensen Huang over China&#8217;s use of restricted chips.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Trump said China would <a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-says-china-purchase-more-090113544.html\" data-ylk=\"slk:purchase;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">purchase<\/a> more US energy as part of a wider trade truce, and hinted at an unspecified transaction involving Alaskan oil and gas.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">China will resume buying &#8220;tremendous amounts&#8221; of US soybeans &#8220;starting immediately,&#8221; Trump said.<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\">Despite questions about the truce&#8217;s ultimate durability, the moment represents a milestone for the US and China after Trump amped up trade threats against China almost immediately upon returning to office, rattling markets and unnerving investors.<\/p>\n<p class=\"yf-1090901\">Read more: <a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/taxes\/article\/what-is-a-tariff-194059448.html\" data-ylk=\"slk:What Trump&#039;s tariffs mean for the economy and your wallet;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">What Trump&#8217;s tariffs mean for the economy and your wallet<\/a><\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Trump said the US and South Korea had reached a deal after months of negotiating on a framework agreement. Also, Trump and Japan&#8217;s first female leader, Sanae Takaichi, <a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/www.yahoo.com\/news\/articles\/trump-lauds-japans-great-female-082513293.html\" data-ylk=\"slk:signed;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">signed<\/a> deals relating to trade and rare earths.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">A spat over an ad featuring the late Ronald Reagan has grown into an international incident, with Trump threatening to raise tariffs on Canada by an additional 10%. Trump said he is stopping all negotiations with Canada.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">The US Senate passed several resolutions this week that would end several of Trump&#8217;s country-specific tariffs, in a rare rebuke of the president from several members of his own party.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\">Next week, the US Supreme Court is set to hear a challenge to Trump&#8217;s most sweeping tariffs \u2014 the &#8220;reciprocal&#8221; country-by-country duties that you can see in the graphic above. A ruling against the tariffs \u2014 which would be in line with lower-court decisions \u2014 could have significant <a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/legal-threats-are-pushing-trumps-tariff-strategy-in-new-directions-dont-expect-more-certainty-130045707.html\" data-ylk=\"slk:ramifications for Trump&#039;s tariff strategy;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">ramifications for Trump&#8217;s tariff strategy<\/a>.<\/p>\n<\/li>\n<\/ul>\n<p>   LIVE 138 updates   <\/p>\n<ul class=\"liveblog-list yf-jncdpv\" data-testid=\"blog-posts\">\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"ac8f0161-734f-490a-9f18-6b8c1528472d\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/dims\" alt=\"Jenny McCall\"\/>   Trump says he will not attend Supreme Court hearing on tariffs\n<p class=\"yf-1090901\">President Trump said on Sunday he plans to skip the Supreme Court hearing on Wednesday, which will decide the legality of the US presidents global tariff regime.<\/p>\n<p class=\"yf-1090901\">The court is scheduled this week ti hear Trump&#8217;s appeal of a lower court&#8217;s ruling that many of his &#8220;liberation Day&#8221; tariffs exceeded his power to regulate imports.<\/p>\n<p class=\"yf-1090901\">Trump said the Supreme Court ruling is \u201cone of the most important decisions in the history of the country.\u201d<\/p>\n<p class=\"yf-1090901\">Bloomberg News reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-says-not-attend-supreme-235620197.html\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"70d3e4ce-b458-4b24-b4bc-c0e97c3349fd\" data-testid=\"blog-post\"> Sun, November 2, 2025 at 5:46 PM UTC   Senate rejection of Trump\u2019s tariffs stirs North American trade debate\n<p class=\"yf-1090901\">The Senate\u2019s bipartisan rebuke of President Trump\u2019s \u201creciprocal\u201d global tariff policy highlights the growing pushback against tariffs that have strained trade relations in North America.<\/p>\n<p class=\"yf-1090901\">On Thursday, four Republican senators joined Democrats to pass a resolution to repeal the tariffs 51\u201347. While the measure is unlikely to go anywhere in the House of Representatives, it underscored growing frustration with the tariffs as the US faces upcoming reviews of the United States\u2013Mexico\u2013Canada Agreement (USMCA).<\/p>\n<p class=\"yf-1090901\">FreightWaves reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/senate-rejection-trump-tariffs-stirs-180950177.html\" data-ylk=\"slk:Read more here.;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"dea386e7-bcb6-4d59-8b0c-cd76e75fe9b3\" data-testid=\"blog-post\"> Sun, November 2, 2025 at 12:51 PM UTC   Brooks Running plans price hikes for 2026 as tariffs costs mount\n<p class=\"yf-1090901\">Yahoo Finance&#8217;s <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/author\/francisco-velasquez\" data-ylk=\"slk:Francisco Velasquez;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">Francisco Velasquez<\/a> reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/brooks-running-laces-up-for-prices-hikes-in-2026-161535713.html\" data-ylk=\"slk:Read more here.;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"1ddb763b-5ce6-4779-b3c5-2f9d977a3ab2\" data-testid=\"blog-post\"> Sat, November 1, 2025 at 9:44 PM UTC   Details of China-US trade agreement include curbs on rare earth controls\n<p class=\"yf-1090901\">The White House released a fact sheet on Saturday detailing the agreement reached between the US and China during talks in South Korea this past week. Bloomberg reports; China is going to suspend additional export controls on rare earth metals and end investigations into US chip companies.<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/china-suspend-rare-earth-curbs-195814180.html\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"f2ce19b1-70dd-40a7-aec1-8de616640e6c\" data-testid=\"blog-post\"> Sat, November 1, 2025 at 8:30 PM UTC   Small toy company leads challenge to Trump tariffs before Supreme Court\n<p class=\"yf-1090901\">The case the Supreme Court will hear on Nov. 5 challenging President Trump&#8217;s tariffs is named for a small toy company in Illinois. Learning Resources v. Trump, along with two related cases, argues that the president&#8217;s tariffs are illegal.<\/p>\n<p class=\"yf-1090901\">The Associated Press reports that Learning Resources CEO Rick Woldenberg, whose mother founded the company, was looking for a law firm to help him sue Trump not long after the president&#8217;s &#8220;Liberation Day&#8221; announcement. He is not willing, Woldenberg said, to let politicians destroy what his family&#8217;s company built up over generations.<\/p>\n<p class=\"yf-1090901\">The cost of the lawsuit has been significant, he added, but Woldenberg said he felt it was worth the cost.<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.yahoo.com\/news\/articles\/toy-maker-takes-case-against-174610564.html\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"2daee7f9-613f-415c-9e96-8386d1c27949\" data-testid=\"blog-post\"> Sat, November 1, 2025 at 3:04 PM UTC   Trump wants to attend SCOTUS arguments on his tariffs case. It would be a first for a sitting president.\n<p class=\"yf-1090901\">The US Supreme Court will take up the case of President Trump&#8217;s &#8220;Liberation Day&#8221; tariffs on Nov. 5, and Trump has said he feels an obligation to watch the proceedings in person. If he does so, he would be the first sitting president to attend SCOTUS&#8217; oral arguments, Bloomberg reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-supreme-court-history-attending-110037669.html\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"b653f211-11d1-4599-a225-ed4195161b3e\" data-testid=\"blog-post\"> Sat, November 1, 2025 at 2:22 PM UTC   Japanese PM says no plans to renegotiate $550B trade deal with US\n<p class=\"yf-1090901\">Japan&#8217;s recently elected Prime Minister Sanae Takaichi said on Saturday she had no plans to renegotiate a $550 billion investment package deal reached with the United States, a shift from comments she made while running for office, Reuters reports.<\/p>\n<p class=\"yf-1090901\">Takaichi made the remarks in Gyeongju, South Korea, at the Asia-Pacific Economic Cooperation (APEC) summit, where she also met with China&#8217;s President Xi Jinping and South Korea&#8217;s President Lee Jae Myung. She said she and Xi had agreed to build a constructive and stable relationship.<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.yahoo.com\/news\/articles\/japans-pm-says-no-plan-104251776.html\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"eedb2b9e-3354-4b72-87bf-407d58d8280d\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/1762160476_978_dims\" alt=\"Brett LoGiurato\"\/> Fri, October 31, 2025 at 5:20 PM UTC   Trump floats eliminating China fentanyl-related tariffs\n<p class=\"yf-1090901\">From Bloomberg:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-says-us-lift-china-162644077.html\" data-ylk=\"slk:Read more here;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here<\/a>.<\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"92d0e0af-3407-4259-85d4-0485592e12d2\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/1762160477_593_dims\" alt=\"Keith Reid-Cleveland\"\/> Fri, October 31, 2025 at 5:03 PM UTC   Trump says Canada trade talks won\u2019t resume, despite Carney apology over Reagan ad\n<p class=\"yf-1090901\">Canadian Prime Minister Mark Carney has apologized to President Trump for an <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/x.com\/fordnation\/status\/1978779503213052337\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:ad sponsored by Ontario;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">ad sponsored by Ontario<\/a> that used clips of the late Ronald Reagan criticizing tariffs, Bloomberg reports.<\/p>\n<p class=\"yf-1090901\">The ad prompted Trump to suspend trade negotiations with Canada and to levy an additional 10% tariff for not taking it down before it ran during two World Series games.<\/p>\n<p class=\"yf-1090901\">But Trump said trade talks won&#8217;t resume between the two countries, contradicting his energy secretary.<\/p>\n<p class=\"yf-1090901\">Bloomberg reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/carney-says-apologized-trump-over-062425804.html\" data-ylk=\"slk:Read more here.;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"c9837891-cf5f-40e3-81b0-5050219a5e84\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/dims\" alt=\"Jenny McCall\"\/> Fri, October 31, 2025 at 10:51 AM UTC   Nvidia CEO hopes Blackwell chips can be sold in China but says decision up to Trump\n<p class=\"yf-1090901\">Nvidia (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\" data-ylk=\"slk:NVDA;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">NVDA<\/a>) CEO Jensen Huang addressed the ongoing issue around the sale of the company&#8217;s state-of-the-art Blackwell chips in China on Friday. He said that although he hoped they would be sold in Beijing, the decision needed to be made by President Trump.<\/p>\n<p class=\"yf-1090901\">Reuters reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/nvidia-ceo-hopes-blackwell-chips-093918539.html\" data-ylk=\"slk:Read more here.;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"ac70be39-5288-480c-ae52-a4f1da20aef0\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/dims\" alt=\"Jenny McCall\"\/> Fri, October 31, 2025 at 9:20 AM UTC    Xi calls for stable supply chains after sealing Trump truce\n<p class=\"yf-1090901\">Chinese leader Xi Jinping warned on Friday against &#8220;breaking supply chains&#8221;, in his first public remarks since he and President Trump secured a one-year trade truce between the countries.<\/p>\n<p class=\"yf-1090901\">Xi said that countries should &#8220;jointly maintain stable and smooth industrial supply chains&#8221; during his speech at a leaders&#8217; summit of the Asia-Pacific Economic Cooperation group in Gyeongju, South Korea.<\/p>\n<p class=\"yf-1090901\">Bloomberg News reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.bloomberg.com\/news\/live-blog\/2025-10-28\/apec-summit-and-trump-s-asia-tour\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"7b65c324-aec1-4120-a319-38cb85bd2d93\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/dims\" alt=\"Jenny McCall\"\/> Fri, October 31, 2025 at 9:15 AM UTC   Trump pushes for a US-led digital economy that\u2019s free of tariffs\n<p class=\"yf-1090901\">Within President Trump&#8217;s trade deals are a list of provisions aimed at protecting the US digital economy. These deals, including those with Malaysia and Cambodia, require partner countries to agree not to impose digital services taxes or discriminate against US tech companies, like Google (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/GOOG\" data-ylk=\"slk:GOOG;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">GOOG<\/a>) and Amazon (<a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/AMZN\" data-ylk=\"slk:AMZN;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">AMZN<\/a>).<\/p>\n<p class=\"yf-1090901\">Bloomberg News reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-pushes-us-led-digital-000001874.html\" data-ylk=\"slk:Read more here.;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"0dc4ed2a-fe2d-4b37-bf59-e222abc774f7\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/dims\" alt=\"Jenny McCall\"\/> Thu, October 30, 2025 at 11:00 PM UTC   Market analysts react to Trump-Xi meet\n<p class=\"yf-1090901\">With both the US and China optimistic and tensions possibly eased, here is how investors and analysts reacted to the latest developments:<\/p>\n<p class=\"yf-1090901\">Reuters reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/market-analysts-react-trump-xi-052407181.html\" data-ylk=\"slk:Read more here.;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"a38ecb76-e079-4e04-8608-117809cd3bde\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/1762160477_593_dims\" alt=\"Keith Reid-Cleveland\"\/> Thu, October 30, 2025 at 6:55 PM UTC   4 Republicans back Senate resolution to undo Trump&#8217;s tariffs around the globe\n<p class=\"yf-1090901\">President Trump&#8217;s tariffs are facing pushback from both sides of the aisle, with a number of Republican Senators joining efforts to end many of his trade policies.<\/p>\n<p class=\"yf-1090901\">Associated Press reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/4-republicans-back-senate-resolution-183134103.html\" data-ylk=\"slk:Read more here.;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"be5bba5a-fecb-455e-a556-ab5b8f209883\" data-testid=\"blog-post\"> Thu, October 30, 2025 at 3:19 PM UTC   Volkswagen stung by nearly $1B tariff hit\n<p class=\"yf-1090901\">Yahoo Finance&#8217;s Pras Subramanian reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/volkswagen-stung-by-nearly-1b-tariff-hit-projects-58b-import-tax-for-the-year-150013520.html\" data-ylk=\"slk:Read more here.;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here.<\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"d8ff7cf6-ad5e-42fe-b13d-3e614fe2d1d2\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/dims\" alt=\"Jenny McCall\"\/> Thu, October 30, 2025 at 3:05 PM UTC   China to purchase 25MMT of US soybeans annually: Bessent   <\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"3b6b9e4f-d2e7-4bb6-8b78-2372eb110ca4\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/1762160477_231_dims\" alt=\"Ben Werschkul\"\/> Thu, October 30, 2025 at 1:30 PM UTC   Trump reveals a &#8216;nice conversation&#8217; with Canada after days of tension\n<p class=\"yf-1090901\">President Trump told reporters Thursday he\u2019s again talking to Canada just days after saying he didn\u2019t plan to engage with America\u2019s northern neighbor &#8220;for a while.&#8221;<\/p>\n<p class=\"yf-1090901\">It was a nugget that came at the tail end of the president\u2019s <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.youtube.com\/watch?v=I2hY2qJYtj0\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:update to reporters;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">update to reporters<\/a> on Air Force One Thursday around his <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-leaves-meeting-with-china-promising-a-tariff-lowering-and-some-near-term-stability-in-the-relationship-110718771.html\" data-ylk=\"slk:talks with Chinese President Xi Jinping;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">talks with Chinese President Xi Jinping<\/a>.<\/p>\n<p class=\"yf-1090901\">As the president was heading back to his cabin, a reporter asked, &#8220;Anything on Canada?&#8221; after Trump <a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/this-is-the-third-time-this-year-trump-has-floated-cutting-off-trade-talks-with-canada-151840688.html\" data-ylk=\"slk:cut off talks with America\u2019s northern neighbor;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">cut off talks with America\u2019s northern neighbor<\/a> over an ad produced by the government of Ontario that features Ronald Reagan to slam the president&#8217;s trade approach.<\/p>\n<p class=\"yf-1090901\">\u201cWe had a very nice conversation with him last night,\u201d Trump revealed, in apparent reference to Canadian Prime Minister Mark Carney. Carney was also in attendance at a summit in South Korea and was photographed across the table from Trump at a dinner on Wednesday evening.<\/p>\n<p class=\"yf-1090901\">Trump declined to add more, such as whether there is any change in Trump&#8217;s announced plans for a new 10% tariff on Canada.<\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"434f0498-e4d1-4692-b151-92e45fc32a80\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/dims\" alt=\"Jenny McCall\"\/> Thu, October 30, 2025 at 10:19 AM UTC   Trump: China to purchase more US energy, touts Alaska deal\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-says-china-purchase-more-090113544.html\" data-ylk=\"slk:Bloomberg News:;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Bloomberg News: <\/a><\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-says-china-purchase-more-090113544.html\" data-ylk=\"slk:Read more here.;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"d3741731-8d08-4341-b4c3-521e5bcce944\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/dims\" alt=\"Jenny McCall\"\/> Thu, October 30, 2025 at 9:21 AM UTC   From fentanyl tariffs to port fees: A list of the agreements made by Trump and Xi\n<p class=\"yf-1090901\">The highly-anticipated meeting between President Trump and Xi Jinping, which was wrapped up in around 90 minutes, covered various topics in the hopes of preventing any further trade tensions between the world&#8217;s largest economies.<\/p>\n<p class=\"yf-1090901\">Here is a list of some of the issues discussed, the outcomes, and what it could mean for both sides:<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Fentanyl tariffs<\/strong>: The US tariff on goods related to the production of fentanyl will drop from 20% to 10% with a promise that China would work &#8220;very hard to stop the flow.&#8221; This brought overall tariffs on China down to 47% from 57%.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Rare earths:<\/strong> China <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/china-says-planned-rare-earth-081103902.html\" data-ylk=\"slk:paused;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">paused<\/a> plans for a dramatic expansion of its rare-earth export controls, offering relief to global buyers after a tumultuous year and handing major economies more time to counter Beijing\u2019s grip on the industry.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Port fees:<\/strong> The US and China have <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/us-china-suspend-reciprocal-port-080124866.html\" data-ylk=\"slk:agreed to suspend;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">agreed to suspend<\/a> tit-for-tat shipping levies on vessels linked to each other for one year, according to Beijing, de-escalating a dispute that has become a sticking point in their wider trade war.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Soybeans:<\/strong> Trump said China will purchase \u201ctremendous\u201d amounts of American soybeans. He did not provide further details.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Nvidia (<\/strong><a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\" data-ylk=\"slk:NVDA;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\"><strong>NVDA<\/strong><\/a><strong>) and Blackwell chips: <\/strong>Trump said he <a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-says-nvidia-chip-talks-074446871.html\" data-ylk=\"slk:didn\u2019t discuss;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">didn\u2019t discuss <\/a>approving sales of Nvidia&#8217;s Blackwell chips to China, dampening speculation that Washington will allow exports of the powerful AI accelerators to the world\u2019s largest semiconductor market. \u201cWe did discuss chips,\u201d Trump told reporters aboard Air Force One. \u201cThey\u2019re going to be talking to Nvidia and others about taking chips.\u201d<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-xi-kick-off-pivotal-030057278.html\" data-ylk=\"slk:Read more here.;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<li class=\"caas-liveblogpost yf-1ebdqmb\" id=\"3634122a-f3bc-4bcd-85c9-16e52a7bb65d\" data-testid=\"blog-post\"><img decoding=\"async\" class=\"avatar yf-1ebdqmb\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/dims\" alt=\"Jenny McCall\"\/> Thu, October 30, 2025 at 8:47 AM UTC   Trump says Nvidia chip talks with Xi didn\u2019t cover Blackwell\n<p class=\"yf-1090901\">President Trump said that he did not get to discuss Nvidia&#8217;s (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\" data-ylk=\"slk:NVDA;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">NVDA<\/a>) Blackwell AI chips during his high-stakes meeting with China&#8217;s President Xi Jinping on Thursday, adding to speculation as to whether Washington will allow exports of the powerful AI accelerators to the world&#8217;s largest semiconductor market.<\/p>\n<p class=\"yf-1090901\">Trump said he and Xi discussed the general access of Nvidia to China and that the chipmaker would continue to have talks with Beijing, which has discouraged its domestic firms from using less-advanced Nvidia processors that Washington already approved for sale.<\/p>\n<p class=\"yf-1090901\">Bloomberg News reports:<\/p>\n<p class=\"yf-1090901\"><a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/trump-says-nvidia-chip-talks-074446871.html\" data-ylk=\"slk:Read more here.;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" target=\"_blank\" rel=\"noopener\">Read more here. <\/a><\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"The White House released a fact sheet late Saturday with more details about the trade agreement ironed out&hellip;\n","protected":false},"author":2,"featured_media":545920,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[1395,1551,13962,3075,30042,49,978,659],"class_list":{"0":"post-545919","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-china","9":"tag-president-trump","10":"tag-rare-earth-metals","11":"tag-tariff","12":"tag-the-white-house","13":"tag-united-states","14":"tag-us","15":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115484957131180351","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/545919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=545919"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/545919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/545920"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=545919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=545919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=545919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}